Lanka, China sign MoU for bilateral ties

Colombo: Promoted and initiated by the Commercial Section of the Sri Lanka Embassy in Beijing, P.R. of China, two MoUs were signed between Sri Lanka China Business Cooperation Council (SLCBCC) and the China Councils for Promotion of International Trade (CCPIT) Jinan and Guangxi Sub Councils, to strengthen economic, technological, trade and investment relations.

The purpose of these agreements are to establish closer cooperation for mutual benefit and contribute both efforts in strengthening economic, technological, cultural and human relations between the two Institutions, especially in promoting the development of the new forms of economic cooperation. The SLCBCC and the two CCPIT sub Councils have agreed to assist each other in finding potential partners in trade, economic, Industrial and scientific technical cooperation.

The agreements facilitate the Councils to organise and participate in Exhibitions, Meetings and conferences, exchange of delegations, trade missions both import and export, to bring business establishments in their regions in contact with each other.

Jinan, the capital city of Shangdon province has a pool of high-quality labour resources. There are 18 universities and colleges in the city where more than 200,000 students are studying. Among the 200+ research institutes in the city, 10 are national laboratories.

The focus on the technology intensive industries has transformed Jinan from a city, supported by heavy industry and textiles to a city of more complex industrial structures. IT, transportation tools, home appliances, bio-engineered products, etc: have become the new pillars of industry. Jinan's IT related economic output ranked No. 4 in China in 2006. CCPIT Jinan Sub-Council will be holding the 2008 China (Jinan) International Truck & Accessory Exhibition from Oct 17 to 19, 2008, at the Jinan International Exhibition Centre.

Guangxi is located in the southern part of country, bordered by Yunnan to the west, Guizhou to the north, Hunan to the northeast and Guangdong to the southeast. It is also bounded by Vietnam in the southwest and the Gulf of Tonkin in the south.